The constant repurchasing activity also helps to sustain higher prices for the sake of investors. If the stock falls due to market phenomena or pessimism about the economy, that just means management gets a deal when it's time to buy back more shares. It went directly to investors, and more's almost guaranteed to be on the way. To state the obvious, that is a really stunning sum of money. Even when the market crashed in early 2020, Apple quickly regained its footing and went on to outperform the market. Over the last 15 years, its quarterly net income rose each year by an extremely impressive average of 29.4%, with its annual earnings reaching a grand total of $99.8 billion in 2022. AppleĪpple ( AAPL -0.62%) is a company that needs no introduction, and much like Thermo Fisher, it's one of the sturdiest stocks around. Though its forward dividend yield of just 0.2% isn't about to impress anyone, the fact that its payout has grown by 106% in the last five years alone is yet another sign of enduring financial stability, and another piece of evidence supporting its resilience. While it's true that it has a handful of major direct competitors, like Becton, Dickinson, it's competing for a share of quite a few growing sub-markets in biopharma, and there's little to suggest that it's facing much in the way of headwinds or fierce competitive pressures. Even during the Great Recession and the financial crisis, the company continued to add to its quarterly revenue and earnings, and its quarterly profit margin actually increased from 2007 to 2010.
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